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Home My WebLink About1995-12-11 96-55 ORDERCOUNCIL ACTION Date: Dec. 11, 1995 Item N0_966-55 Item/Subject: ORDER, Establishing Golf course Rates Responsible Department: City Council Commentary: The Municipal Operations Committee recently approved golf course rates for the coming year (attached(. it has been our normal practice for this committee to set these rates unless a member of the City Council requested a full Council review. Councilor Baldacci has requested such a review. Attached you will find some background information on the proposed rates, anticipated revenues, and the financial status and performance of the Course. I _ Unless amended, the attached Council Order would adopt the rates as approved by the Municipal Operations Co:mnittee. Manager's Comments: The attached rates increase Doth memberships and Oily green fees at the Golf Course. As these are reviewed, I would recommend that the Council support the increase in membership fees. This approach was strongly recoumnaded in the management study of the Course, and I have at acted etl appropr actions of this report ^w4^'"°4 p.apeae4b5a a-.as6-Gww�a'm,� " s '.+.aJ 9 rrar nvAr, a Associated i�ormetion: Order, Memo, proposed rates S revenues, financial igformat sections of management study on memberships, yKb W. au! a, Aa eafwA� Budget Approval: Legal Approval ri y U' _Entrodumed For _ passage First Reading Pageof Referral 96-55 Me4ned to Cd or ealdacci December 11, 1995 /p....YY.... CITY OF BANGOR (UU) (yyypyr._ Estadlishing_Galf. CourseRates._.. axa cumCaft&a Of� cur ofBhum: ORDERED, TORT the proposed Golf course rates as shown on the attached schedule are hereby adopted. IN CITY COUNCIL December ll, 1995 3` 96-55 Janet Annie 6 Ren Farland, 0 R 0 E R users nr of the golf course,Rare opposed to rate increases Title, Establishing Golf Course Rates Referred back to Municipal Operations ...................................... CITY CLERK......../.......�. �.... 4.4../. .................... 1N CITY COUNCIL (l/^^�""w l� December 21, 1995 dnigoed to Carry Hodge, Member of the ' golf Course, spoke against raising fees. ....'" (/J'"'"1" Councilman Motion to save the Question Motion Ps Vye Vote: 8 yea,, I absent Councilors oaring yea: Raldacci, Blanchette, Frankel, Lean, Popper, Soucy. ' 6 Woodcock Councilor Absent: SullivanSu Motion t0 Amend Motion Failed Vote: 5 No, 3 Yee, I Absent Councilors voting no: Lean, Wpper, Saucy, Tyler 6 Woodcock Councilors voting yes: Baldy i, Blanchette 6 Frankel Councilor absent Sullivan Order Passed Vote: 6 yes, 2 no, 1 absent Councilors voting yes: Frankel. Leen, Popper, Saucy, Tyler S Woodcock Councilors Voting no: Baldacci 6 Blanchette Councilor absent: Sullivan CITY CLERK 96-55 -1, t BANGOR MUNICIPAL GOLF COURSE REVENUE 1994 ACTUAL, 1995 ANTICIPATRD, 1996 PROJECTED REVENUE SOURCE 1994 1995 1996 CONCESSIONS 4,500 1,500 1,500 RESIDENT PERMITS 98,936 103,550 106,510 NON RES. PERMITS 18,491 19,640 19,710 18 HOLE GREEN FEES 230,330 229,826 259,400 9 HOLE GREEN FEES 127,521 129,261 142,585 GOLF CARTS 66,127 83,082 83,600 TOTALS 486,205 566,859 61{3,305 1 96-55 RANDOM MUNICIPAL GOLF COURSE STAFF RECOMMENDATIONS FOR 1996 Green Fees raised as shown in below chart. Increase Membership rates as shown. season Cart Trail Fees: 5 day 130.00 1 day 160.00 12.00 Daily Cart Fee: $7.00 18 Holes 16.00 Nine Role Morning Special: $8.00 Daily Green Fees ACTUAL ACTUAL PROJECTED 1994 1995 1996 18 Hole Course Week Days 12.00 Before 5:00 pm 16.00 18.00 19.00 After 5:00 pm 12.00 13.00 14.00 Weekends 19.00 Before 4:00 pm 17.00 19.00 20.00 After 4:00 pm 13.00 14.00 15.00 Nine Hole Course Week Days 9 Holes 10.50 11.00 12.00 18 Holes 16.00 18.00 19.00 Weekends 9 Holes 12.00 13.00 13.00 18 Holes 11.00 19.00 20.00 96-55 BANGOR MUNICIPAL GOLF COURSE PROPOSED 1996 GREEN FEES PROJECTED REVENUE 18 HOLE GOLF COURSE d ROUNDS .RATE REVENUE WEEKDAYS 18 HOLES 7800 19.00 148,200 18 HOLES AFTER 4PM 700 14.00 9,800 WEEKENDS S HOLIDAYS 18 HOLES 4800 20.00 96,000 18 HOLES AFTER 4PM 360 15.00 5,400 TOTAL 259,400 9 HOLE GOLF COURSE WEEKDAYS 1015 19.00 19,285 18 HOLES 9 HOLES 4500 12.00 54,000 9 HOLES BEFORE ILAN 2500 8.00 20,000 WEEKEND S HOLIDAYS 1 20.00 24,600 18 HOLES 1230 9 HOLES 1900 13.00 24,700 TOTAL 142,585 RESIDENTS OF BANGOR RECEIVE A $1.00 DISCOUNT ON ALL GREEN FEES EXCEPT THE NINE HOLE SPECIAL ON WEEKDAYS - 9 HOLE GOLF CART RENTAL 800 10.00 8,000 18 HOLE GOLF CART RENTAL 4200 18.00 75,600 TOTAL 83,600 96-55 � J BANGOR MUNICIPAL GOLF COURSE REVENUE COMPARISON REPORT ACTUAL EST. RESIDENT / SOLD 1995 TOTAL 1996 - TOTAL RATE. RATE SINGLE 114 460 52,440 ,480 54,720 COUPLE 28 615 17,220 643 18,060 FAMILY 14 660 9,240 690 9,660 JUNIOR 24 ISO 4,320 190 4,560 SENIOR 43 330 14,190 345 14,835 BEN. COUPLE 11 405 4,455 425 4,675 TOTALS 101,865 106,510 NON RESIDENT SINGLE 18 655 11,790. 695 12,510 COUPLE 8 660 6,880 900 7,200 FAMILY 0 985 1,000 JUNIOR 0 235 245 TOTALS 18,670 19,710 CARTS 5 DAY 6 125 750 130 780 7 DAY 30 150 1,500 160 1,600 TOTALS 2,250 2,380 I N T E R MEMO O F F I C E To: Honorable Chair and Members of Ne City Council From: Edward A Barrett, City Manager Subject: GolfCeams Rates Date: November 28, 1995 Council Chair FraNcel has asked that several letters winch he has received Gum individuds who use our Golf Course be shared with the full Council. Inboth insmces, the individuals who have written have eamessed concern over the rate increases recently approved by the Municipal Operations Committee as they were reported in the Bangor Daffy News. The Municipal Operations Committee has traditionally established rates for the Goff Course. These rause are, however, subject to review by the full Council should my members of the Council wish them to appear on a regular Council meeting or workshop agenda In order to provide background on the situation, I have attached the information which was presented to the Municipal Operations Committee as well as some recent information regarding the Bananas] perfomance of the Golf Course. As presented to the Municipal Operations Committee, Dale Theriauh, Director of Parks and Recreation, and Brian Banner, our Golf Pro, suggested shot mass be increased for the foUmving reasons: a Preference for smaller mnual increases as opposed to larger periodic increases; continued implememation ofthe marketing report which was done an the Golf Course a number ofyems ago which recommended that membership fees be regukady unmanned and the number of memberships be restricted; and a desire to develop su6catat resources is the Golf Course Ford to undertake some of the ramming outstanding capital projects at the GolfCoume to include automation of the sprinkler system on the original cuu se and expansion of cart paths. If, after reviewing this information, any member ofthe Crowd has my questions, I would be happy to respond to them. Should any member of the Council wish this item to be further discussed by the fink Council, please contact me. EABfjdr Attachments 96-55 96-55 n Z V BANGOR MUNICIPAL GOLF COURSE REVENUE 1994 ACTUAL, 1995 ANTICIPATED, 1996 PROSECTED REVENUE SOURCE - 1994 1995 1996 CONCESSIONS 4,500 1,500 1,500 RESIDENT PERMITS 98,936 1030550 106,510 NON RES. PERMITS 18,491 19,640 19,710 16 HOLE GREEN FEES 230,330 229,826 259,400 9 HOLE GREEN FEES 127,521 129,261 142,585 GOLF CARTS 66,127 83,082 83,600 TOTALS 486,205 566,859 613,305 1 t . BANGOR MUNICIPAL GOLF COURSE STAFF RECOMMENDATIONS FOR 1996 Green Fees raised as shown in below chart. Increase Membership rates as shown. Season Cart Trail Fees: 5 day 130.00 7 day 160.00 Daily Cart Fee: $7.00 Hine Hole Morning Special: $5.00 Daily Green gees ACTUAL ACTUAL 15 Holes 1994 1995 18 Hole Course Weekends Week Days Before 5:00 no 16.00 18.00 After 5:00 pm 12.00 13.00 Weekends Before 4:00 pm 17.00 19.00 After 4:00 pm 13.00 14.00 Nine Hole Course Week Days 9 Holes 10.50 11.00 15 Holes 16.00 18.00 Weekends 9 Holes 12.00 13.00 18 Holes 17.00 19.00 PROJECTED 1996 19.00 14.00 20.00 15.00 12.00 19.00 13.00 20.00 96-55 96-55 BANGOR MUNICIPAL GOLF COURSE PROPOSED 1996 GREEN FEES PROJECTED REVENUE 18 HOLE GOLF COURSE Y RONNIE RATE REVENUE WEEKDAYS 18 HOLES 7800 19.00 148,200 18 HOLES AFTER 41M 700 14.00 9,800 WEEKENDS 6 HOLIDAYS 18 HOLES 4800 20.00 96,000 18 HOLES AFTER 4PM 360 15.00 5,400 TOTAL 259,400 9 HOLE GOLF COURSE WEEKDAYS 18 HOLES 1015 19.00 19,285 9 HOLES 4500 12.00 54,000 9 HOLES BEFORE 13AM 2500 8.00 20,000 WEEKEND s HOLIDAYS 18 HOLES 1230 20.00 24,600 9 HOLES 1900 13.00 24,700 TOTAL 142,585 RESIDENTS OF BANGOR RECEIVE A $1.00 DISCOUNT ON ALL GREEN FEES EXCEPT THE NINE HOLE SPECIAL ON WEEKDAYS. 9 HOLE GOLF CART RENTAL 800 10.00 8,000 16 HOLE GOLF CART RENTAL 4200 18.00 75,600 _ TOTAL 83,600 96-55 a� BANGOR MUNICIPAL GOLF COURSE REVENUE COMPARISON REPORT ACTUAL EST. RESIDENT 9 SOLO 1995 TOTAL 1996 TOTAL RATE RATE SINGLE 114 460 52,440 460 54,720 COUPLE 28 615 17,220 645 18,060 FAMILY 14 660 9,240 690 9,660 JUNIOR 24 100 4,320 190 4,560 SENIOR 43 330 14,190 345 14,835 SEN. COUPLE 11 - 405 4,455 425 41675 TOTALS 101,865 106,510 NOV RESIDENT SINGLE 18 655 11,790. 695 12,510 COUPLE 8 860 6,880 900 7,200 FAMILY 0 905 1,000 JUNIOR 0 235 245 TOTALS 10,670 19,710 CARTS 5 DAY 6 125 750 130 780 7 DAY 10 150 1,500 160 11600 TOTALS 2,250 2r380 96-55 Attached you will find the most recent fiscal year end income statement and balance sheet for the Golf Course and the Same Statement for the month ending in October 1995. The following pointe may be of interest; 1. As of June 30, 1995, the Golf Course bad liquid assets (cash and investments) of approximately $51,250. AS of October, this bad increased to $163,So0. This am unt will be drawn down ever the winter as certain expenses are incurred and limited revenue is available. 2. As of June 30, 1995, the net incase from the Golf Course was $111,033. This Smash recognizes interest expenses On the course's outstanding debt. It does not, however, recognize the principal payment of approximately $65,500. This payment appears n the balance Sheet as An outstanding liability. if this payment is taken into account, net income for FY95 would be approximately $45,500. Through October, 1995, net income was $126,873. This does not recognize either the principal o interest payment on debt service since this payment is made later 1n the fiscal year. 3. Additional debt service payments most be made during this fiscal year and next two fiscal years (FY's 1997 and 1998). Annual principal payments asapproximately $65,000. The interest payments decline each year as principal is paid down. 4. The majora sed a eof r r the last year has been golf cart fees.As of October, these bad produced $69,000 against a current annual budgeted revenue of $43,500. This concession is clearly producing significantly more revenue to the Course than was anticipated. seginning with next year's budget, we will need to begin budgeting for cart replacement on an moral basis. 5. The proposed increase will provide $20,405 in annual green fee revenue and $5,685 in membership revenue. 6. Additional capital improvements planned for the Course are in the range of $200,000 t0 $250,000 and include automating the Sprinkler System on the original 18 hole course, improving and extending cart paths, installing exterior siding on the clubhouse, and renovating the maintenance building. CITY OF BANGOR 96-55 ENTERPRISE FUND INCOME STATEMENT - r3 fund-'460,_-_- Z'UM�'' '--BOND' =460--GOLF COURSE. PERIOD YEAR TO DATE -ACCOUNT'"""- --=--"TITLE-- _-"-""'-----REVENUE/EXPENSE--- " REVENUEYEXPENSE-" 5TI32100 TRANSFER FR CDBG .00 .OD -TOTAL .__. TRANSFERS FR OTHER FUNDS ..._...__._._..-._._._.__DO_-.. .._,__...-..._._.:OO_- TOTAL OTHER REVENUE .00 .00 60006725 CONCESSIONS .00 1,500.00 60007000 MEMBERSHIP RESIDENT -960.00 302,590.67 60007100 MEMBERSHIP NONRESIDENT --" .00 19,640:32 600:07Z00 GREENS FEES 2,620.00 23Z,446.5C 60007300 GREENS FEES 9 H01_E 1,465.00 1303726.50 60007500 GOLF CART FEES -- E56.00 26,463:00 " TOTAL CHARGES FOR SERVICES 4,CSI.00 513,871.99 64101001 INTEREST ON INVESTMENTS "' 361.81 196.62 TOTAL INTEREST INCOME 151.81 396.62 "' 54301300 REIMBURSED EXPENSES "" -- "- "'---" - - - -":00 ""' "-- -' 1795' - TOTAL REIMBURSED EXPENSES .DO 1.95 TOTAL 'REVENUE •_..... ..-. _. ._.... �.. ._ -.4,172.31"_.....•_•..513{570..^_E " 70103000 REGULAR PAYROLL.DO .DO ...70110030 REGULAR PAYROLL . _ _ ...-_......_-_.... _.. :0D......"'"£7;0S'S.T4_ _. 70112000 TEMPORARY PAYROLL .00 60,300.10 70113000 OVERTIME PAYROLL .00 -23.62 " 70115000 VAC, MIL LEAVE, JURY DUTY"' -'"'" "' '- "400" '- =SliZ -- 70116000 SICK LEAVE .00 139.06 70137000 HOLIDAY .00 3,496.70 T01Y9100 PART INDEMNITY' PAYMENTS" "' "'"' - '- - '.00 """" - "- - X00' TOTAL SALARIES .00 151,276.15 71001000 MSRS DEFINED BENEFIT PLAN"""'-" ""-' .00"- 27{332.80 71001500 MEDICARE .00 1,Z45.13 7/002000 SOCIAL SECURITY .00 1,330.62 T10O3D00 UNEMPLOYMENT PREMIUM "- " "-- '484.13 "' --- -- -1'g SZ8:08 -- 71003500 HOSPITAL % MAJOR MEDICAL .DO 4,000.23 71004000 DISABILITY INSURANCE .00 .476.45 7fOOT000"WORKERS'COKE PREMIUM """""' "-`-'---=4'587:2%'_..__.I;F . 4- TOTAL FRINGE BENEFITS -4,103.13 37,Y35.03 -TOTAL"`-SALARIES'"&FRINGES--'-- 911TH"-- ' TZOO1000 DEPARTMENTAL 989.54 ;: 31,409.38 -TZOOITOO-'OFFICE.__.-'..---.__�._._yS50- 72001575 AUTO 70.46 1,148.77 72OMlOU FUEL OIL .00 29066.35 CITY OF BANGOR 96-55 ENTERPRISE FUND INCOME STATEMENT YEAR WATTTJACL'OUNTIRG WATER .00 34,274.29 SEWER .00 255.37 20ZO ..Onv - Z15.94 T3020T00 RENTAL EQUIP 3 VEHICLES .00 ,97.50 R5, 73040000 OTHER PURCHASED SERVICES 181.14 5.b47 yap$OI INSURANCE-' ONEMPLA YEE��2 5—�"�2 .00 A O 198.00 9.00 73040120 POSTAGE .00 147.44 1y096.06 73040140 TELEPHONE/COMMUNICATIONS .00 -—1'QTAL--(RANSFERZO-'OTNER�UNIIS—moi —T3040200—ADVERTISING TOTAL INTERFUND CHARGE S: TRANS 34859.76 73040300 TRAVEL .00 .00 73040500 EDUCATION .00 � mo- T 0550—MEMBERSHIP-&'DUES TOTAL MISCELLANEOUS - 73040650 DANK CARO CHARGES -6.05 138.19 TOTAL CONTRACTUAL SERVICES I,096.36 S7,750.Z3 TA040iOO OFFICE SUPPLIES 8. COPIES .00 .00 76101107 -- 76103000 55.46 1 .00 2 149TAL�VV INTERFUND TRANSFERS Z15.94 91245.81 TRANSFER TQ 6ENFRAL—FUNO��'T 3U3�Z 7670044005500 TRANSFER TO PARKING 767 .00 A O 198.00 76730512 IRAN TO APPROP FOR CAPIMP .00 .00 -—1'QTAL--(RANSFERZO-'OTNER�UNIIS—moi 'TSS—�� TOTAL INTERFUND CHARGE S: TRANS 71130.94'. 42_94L33 TS0107OO TAXES/ASSESSMENTS .00 390.70 TOTAL MISCELLANEOUS •00 350.70 84010100 PRINCIPAL PAY LTD - 651538.00 ". .00 {84010200 INTEREST PAY LTD - -683.05'. .141052.17 —8'401020071NTERES� ,,.,RFUNUU"T- 16,160.78 -- TOTAL DEBT SERVICE -66,513.74 ...nm.nn cnm emcuT .00 FUND ACCOUNTANT -- TOTAL INCOME CITY OF BANGOR ENTERPRISE FLING INCOME STATEMENT 96-55 PERIOD YEAR TO DATE ^RLapCNy€yE%P@NSE—ftEtlENtlET£Al'€M15l-� 57,621.10 402537.z1 `. 61,793.91 111,033.35 PET - FUND ACCOUNTANT CITY OF BANGOR BALANCE SHEET 96-55 54ee 301i94S ' gr.Pund='460' FOND'"-- 460"� "GOLF ACCOUNT - - - - - TITLE _ DEBITS CREDITS -"-- _ 10010000 OAST - POOLED 30,769.69 10050000 PETTY CASH 590.00 -31 ""TDTIXC CASH' :0100200 INVESTMENTS - A50OZ 20,000.00 .. _ _ ... :00 ... -"'TOTAL INVE3TNENTS " ..20.000:00 TOTAL CASH 6 INVESTMENTS 61.26 69 .009. - - 11400000 ACCOUNTS RECEIVABLE zi.on TOTAL NET ACCOUNTS RECEIVABLE 21.100_ 4 1400/000 PREPAID INSURANCE .00 14001500 PREPAID HEALTH INSURANCE .00 14003000 TRAVEL ADVANCE .00 •'0J TOTPL PREPAID EXPENSES 'O0 -16001250 BUILDINGS, PLANT ROCEUIP'- -- "' 9290612.10" " 16004000 CONSTRUCTION IN PROCESS ,W 210,048.40 DEPRECIPTION _. i£COS9NE APROP, 929,610110 - 210;04S:40 FLAD TOTAL'NET PFeP, FLANT EqU IPMT � 980,9012.T9 210,040.40 TOTAL ASSETS ___ __-.. _ ... 5,086.99 20001000 ACCOUNTS PAYABLE 20001094 ACCOUNTS PAYABLE Y!E 94 00. .. ,00 '5,OIIb ' 'TOTAL ACCOUNTS PAYABLE 711.29 20101000 ACCRUED PAYROLL - .. ... DO' 20102000 PAYROLL WITHHOLDINGS 00 20102002 PAYROLL WITHHOLDINGS ,00 20102007 TAX RECEVIABLE DEDUCTION 00. 20102020 TAX RECEVIABLE DEDUCTION 00 2.SO2021 TAX RECEVIABLE DEDUCTION CO 20102023 TAX RECEVIABLE DEDUCTION _ -- --.00 20102024 TAX RECEVIABLE DEDUCTION 3,S27.57 20103000 ACCRUED VACATION 21096.12 20103100 ACCRUED INTEREST ._.. .::00 ._.-.._-'10,134:95" - "TOTAL ACCRUED EXPENSES 00 20500100 DOE TO GENERAL FUND _-- _ _ _ _-. _ — .90--- TOTALDUE-TO OTHER FUNDS 24001000 GENERAL ODL BOND .CURRENT__ 65,538.00 -Cd5,Z1 T. 5a - —P'4003Y00"'GENERACODC BONDZ7T' 191,152.50 TOTAL OUTSTANDING DEBT .00 —'26d01000-WORKERS"COMPENSATIORT a PEI - FUND ACCOUNTANT CITY OF BANGOR 96-55 BALANCE SHEET pr.fuad='460' mpg Zo ='-GO MORSE ACCOUNT - - - - - TITLE - - - - DEBITS --- CREDITS _ 26003000 LONG TERM PAYABLE 00 27,000.00 TOTAL OTHER L/T LIABILITIES __ _ _27000.00 233,374.47 TOTAL LIABILITIES .DD - - -- --SOTQ150U CONTRIBUTIONS -CITY------ 30102250 CONTRIBUTIONS OTHER 10,26T7.56.56 10,267.56 TOTAL CONTRIBUTED CAPITAL.0D 3440205.9F, 30E01000 UNAPPROPIATED TOTAL UNAPPROPRIATED 66,973.05 30511000 APPROPRIATED 0 30512000 CAPITAL IMPROVEMENTS__ _. .050 ' —30514000 CAPITAL "IMPROVEMENTS 66,473.05 TOTAL APPROPRIATED .00 -- 10 {391':OT TQTAL ENCUMBRANCES .00 426,570.08 TOTAL FUND BALANCES -_ _ __. .__ 00 TOTAL CONTROL ACCOUNTS 936,436.28 19037,OT6.56 --936,436:28 --"TOTAL-EQUITIES TOTAL GOLF COURSE 1,917,339.07 1,917,339.04 1,A1T,33R 0T TOTAL REPORT FUND ACCOUNTANT CITY OF BANGOR ENTERPRISE FUND INCOME 96-55 5713100 TRANSFER FR GENERAL FUND. 3OTAL 0-TRRANSFERS FRCDTH -`TOTAL TRANSFERS FR OTHER FUNDS PERIOD YEARTOTO DAT_ .00 .00 .00 -TOTAL—�TFIEFT2EVENU - - .00 60906725 CONCESSIONS,"_�A5-ou �q 2.y -;p RESENT 0DOT100'MEMBERSHIP- ID -75 00 60— 60007100 MEMBERSHIP NONRESIDENT TS 00 24,316.00 159,742.00 60007200 GREENS FEES -9 -6DOIIT300 GREENS FEES flOC[ 90 .00 60007400 LOCKER RENTAL 8799.00 69,012.89 60007500 GOLF CART FEES - �--�y�-E1y _�6983P� TOTAT -_'CHARGES-FDF SERVICES 64101001 INTEREST ON INVES(MENTS 149.1£ 49-18— 424.43 TDTAL--INTEFF_ST-INCOME - -46,9T9.18 316,04-0.32. TOTAL REVENUE .Ba 70101000 REGULAR PAYROLL .00 4.306 12 21,029.96 70110000 REGULAR PAYROLL-45-� —TDTJ2 00-TEMPORARYAYROR D ' OVAC,VER 70113000 OVERTIME PAYROLLEAVE, 00 .00 _ 70115000 MIL LEAVE, JDFY DUTY 'TdSIarO =CK -LEAVE .0 226.64 749.45 70117000 HOLIDAY 12,778.06 69,227.20 ' TOTAL SALARIES -- 71001000 MSRS DEFINED BENEFIT FLAN 752.80 , - 1233 - 8,887.29 - 990.59 71901300 ICMP DEFINED CONTRID PLAN 03 153. 3,258.07 73002000 SOCIAL SECURITY 00 0O .DO 71002500 STATE GROUP LIFE ---98 93--7 'TT003500 IOM-- 1,448.3ti HOSPITALME MAJOR 71003500 HOSPITAL & MAJOR MEDICAL 145.96 33 52.- 151.05 TIW4000 DISABILITY INSURANCE" - 4 6— 18,861.15 TOTALpy6 FRINGE BENEFITS ' TOTAL FRINGE BENEFITS 3,364.20 FUEL 4T.46 664.49 291.18 1,114.19 PEI - FUND ACCOUNTANT CITY OF BANGOR 96-55 ENTERPRISE FUND INCOME STATEMENT iunH 4601 ti I J f t •+E --RCCOtlN4--^'�I-TLE-�^ �--hBVEMtlE-tG-%PENS3E-REV@IEtlif£XPL?Me=- NTTNG -'73010600 MANAGEMENT 73010600 MANAGEMENT 73030650 STUDIES/SURVEYS PERIOD .00 .00 YEAR TO DATE . 0 .00 2'98 ER 7CO20190 SEWER .00 'A O 7303020200 LAUNDRY .00 .00 -73M0650'RENTAL S'-MAINBUILDINGS 00 '-'-OO-- RENTAL LAND 3 BUILDINGS .00 .00 T3020P00 RENTAL EQUIP 3 VEHICLES 73OZO700 .00 5,604.00 -73040000-INSURANCE HAGED'3ERtl2CES X841.96 - "NT167.9T- 73040100 INSURANCE NONEMPLOYEE 41.96 75 73040140 TELEPHONING-- NICPTIONS .00 295.23 295.23 ADVERTISING-- -- - -'I3940200'-ADVERTISING------ --BT3-94--�T94ix59- 73040300 TRAVEL 73040300 ^00 '00 73040500 EDUCATION .00 .00 - ,O40550-MEM2ERSHIP�DUES 00-- 73040650 BANK CARD CHARGES _ - 204.02 825.51 TOTAL CONTRACTUAL SERVICES 4,973.62 38,365.91 76040100 OFFICE SUPPLIES 3 COPIES .00 .00 76040125 PRINTING .00 47.39 �01=RENT 7000700-2+00 . 76101102 HEAT MAINTENANCE .00- - .00 76101107 MOTOR POOL .00' - 455.67 -TSI03000-POL'ICF_ 76105200 PUBLIC WORKS 40.99 319.31 76108500 ICAP CHARGES 3,050.00 G,118.00 -T0'TAL-INTERFUND RANSFER'- 5T090:99--"i'1�48� 76700100 TRANSFER TO GENERAL FUND _ .00-:- SOO. - -9B,` I2-IRAN-TO-APFROP-£OR- APSMP -0L"' -- c TOTAL TRANSFER TO OTHER FUNDS .00 .00 MENTS PRINCIPAL PAY LTD .00 '00 88012315 DEPREC CONTRIB OTHER .00 .00 88099000 ADD BACK CONTRIB DEP/AMOK .00 .00 FUND ACCOUNTANT DITY OF. BANGOR PERIOD ENTERPRISE FUND INCbME STATEMENT _ 96-55 JND ACCOUNTANT PERIOD YEAR TO DATE —J2 .T --LITTLE ^REVENOE _ERSE� -REFENDE/E%PEMSE— '+91003100 LAND ACQUIS 3 IMPROVE-,' '.DO 6.T00 0�� —'y{piT,25D-60IL6ING—TMPROPEME TOTAL OUTLAY 20�A96.00 2T�263.54 �OT'AL�XPENSE 9T3�^.^�89T1'T1�'f— TOTAL INCOME -11'300.12 - 126,373.15 JND ACCOUNTANT CITY 96-55 ACCOUNT - - - - - TITLE - - - - - DEBITS CREDITS .10010000 CASH- POOLED '142+797'25 10050000, PETTY CASH_ 500-.00 30300200 INVESTMENTS - A5002 12,419.70 PEI TOTAL CASH 3 INVESTMENTS 163+572.50 .00 11400000 ACCOUNTS RECEIVABLE 321.00 TOTAL NET ACCOUNTS RECEIVABLE _ 321.00 _ __00_ 16001250 BUILDINGS, PLANT 8 EQUIP 929,612.10 210,048.40 16008000 ACCUMULATED DEPRECIATION —i1lTA=ET-PROP', PLANTS EOLIPMT --929aS12'ZD 11093,505.60 210,048.40 TOTAL ASSETS 20001000 ACCOUNTS PAYABLE 603.52 603.52 TOTAL ACCOUNTS PAYABLE '00 ,'._" 20101000 ACCRUED PAYROLL 4,038.00 3,076.10 20103000 ACCRUED VACATION _ap'{O^vTOOTCCROED-INTEFESI�--' .. 9,210.22 TOTAL ACCRUED EXPENSES .00 --2'4[YOYD"OD-GENERAL-➢BC"SON➢TllRRF_N'1�— °+' �— 24001100 GENERAL OSL BOND L/T 1'25,614.50 191, 15Z 50 TOTAL OUTSTANDING DEBT .00 - 26003000 LONG TERM PAYABLE - 27,000.00: 27,000.00 TOTAL OTHER L/T LIABILITIES .00 227,966.24 TOTAL LIABILITIES .00 ^O T02250ZOMTRIRUTIBVS TRER' —" EE5 G TOTAL CONTRIBUTED CAPITAL .00 30,267.56 .SD'1?D. '365QLODL"ORRPPftt1PLAT 350,130.T2 TOTAL UNAPPROPRIATED - .00 12,419.70 PEI " CITY OF BANGOR 96-55 BALANCE SHEET ACCOUNT - - - - - TITLE - - - - - DEBITS CREDITS TE 9,50 PT1 z 9TTrA 0.00 4 TOTAL-`CaNTROL ACCOUNTS" L TOTAL GOLF COURSE 1,SS59435.67 11855,435.67 TOTAL REPORT 1,355;435.67 1,855,4t5.67 ACCOUNTANT -55 RKG fl96 KG As gyxleW Iw , 3. Fee Stuactures a. Season Passes As shave is the Rounds] analysis presented in this report, under the present system of season passes. there is a substantia gap between the per round cost of operations and the per round revenues generated from pass holders. After a decline in 1987-88, recent trends have seen a renewed increase in the number of season passes issued at BMGC Until the per round income associated with season pare sales can be increased m a level that is substantially closer to the cost of operation% it is critical that BMGC maintain adequate available rounds capacity far sales of daily greens fees For this reason, we recommend that unleas or unN the current cost -revenue gap is msrowed, the number of tadividuals issued season passes at BMGC should be limited to ±300. The purpose of such a cap would be to regulate the number of pass holder rounds played id a maximum of apprcxlmately 15,OW per season in order to reserve adequate capacity (up W 27,000-3,000 rounds) for daily fm sales. i While it has been possible to maintain the financial viabithy sof BMGC wh0e offering steep subsidies to pass holders, projected increases in operating costs dictate that the Present gap needs to be narrowed in the future. We strongly recommend that any furore season pass system adopted at BMGC be expressly designed with the goal bf narrowing the presegt revenue gap. Therefore, we recommend that the practice of Offering season passes at the BMGC be modified before the start of the 1992 golf season. From a pure management perspective,. oro Preferred recommendation would be the tocol elimination season passes in favor of a somewhat reduced daily greens structure for all players. However, in light of the extensive history of the season pass system m Burger, we recognize that implementing such a policy would be politically unpopular and is probably unacceptable IV lieu of this altemativ City Officials could consider creating a system "der which a limited number of lower cost "annual permits" were sold. Such permits would also require each purchaser to also pay a reduced Ter round charge. Per round charges for permit holders could be based on either a fixed fee schedule or calculated as a Percentage discount off the regular daily fee race for the number of holes and day of the week played. A typical example would be a $150 fee for a single annual pass plus a per round charge of $6.00 for 18 holes, SIM far 9 holes and $200 for seators. Undci such a system, pass holders who play no more than 50-55 words per year (the approximate average for all eusting pass holders) could see a modest reduction in thew; annual Cost of playing golf. More frequent golfers would however, pay more of thea "fair share" for each round. Pass holders who tend to play more during the mid -week (Le, seniors) would also pap less per round than those who play the majority of then annual rounds on weekends. Under the proposed system, frequent eolfers would still twelve a hate., ' 1 dianstant fromthe d8liv Meas fave charke and would bepardW' spared me cost burden of making substantial early season lump sum payments whicti are required under the present system, i Unpar Municipal Get court' Markets; ptpo Pogo V-10. 96-55 RKG MG° While the present price distinction between resident and non-resident pass rates could easily be continued under the proposed modified system, the consultants recommend that consideration be given m eliminating the present practice of separate non-resident fee schedules. However, in the event that demand for annual passes eventually approaches or exceeds the recommended cap, preference for available passes should be given to Bangor Residents A less desirable alternative to that discussed above would be a continuation of the present system of season passes. B the present system is continued, future increases should he dictated by market demand attrition rates. In other words, pricing should be adjusted m maintain a maximum base of 3(K) individual pass holders It should be rescusnized.bervoor, L the Buirstor Golf Market ' a sufficiently"d " to expeat that season was; rates underM1 t Mitein could soar be incressed crouch to vurrow the revenue gan discussed above. Based upon recent sales trends, an annual increase in the 10% range for all current fee categories is probably feasible for the next one or two years. Steeper fee increases would likely produce a substantial attrition in [oral season pass sales. Numerous possible variations could be considered when pricing season passes and it is beyond the scope of this analysis to recommend a specific rate card for the 1992 season. Obviously, management staff will need m analyze the army of options which are available and develop specific proposals for consideration by the (Sty Council. 'Ile question of how to deal with season passes in the future should be a top priority for management when formulating the Annual Business Plans . b. Dail While daffy fees at the BMGC are the highest in the market area, the quality of the golf course, compared m the local competition, justifies current daily fee levels. Also, as shown in this report, the present daffy fee structure is needed to offset the substantial subsidies enjoyed by season pass boldins. The research conducted in this report found that the Bangor Golf market is well served by existing courses. This fact will Emit BMGC's ability to implement unreasonable daily fee increases while simultaneously increasing levels of play. Current uncertain economic conditions in the Bangor Mmket Area also suggest that a conservative pricing policy for daily fees be followed in the short term. For these reasons, we recommend that the existing daily fee structure remain unchanged for the 1992 golf season. Any increase in 1993 should also be carefully considered in light of economic conditions and levels of play at that time. e Other Fees Corpomte Passes Should the City opt m maintain the current system of season pieces, itis recommended that consideration be given to adding a "Corporate Season Pass' category to the existing fee structure. Similar to corporate memberships offered at private clubg. the purpose of such a pass would be to offer appropriate recognition to major employers and/or commercial property tax payers in the (,city. Under this system, Baagor-based businesses which employ a specified min®um number of employees and/or pay a minimum level of property taxes would be allowed to purchase season Mnyw Write", Gain coum MnkaMO Wan page V-tA 96-55 RKG Sea Assesdetea, im passes (typically a maximum of three to five) for use by designated employees. The pricing of corporate season passes could be either equal W the resident single rate or positioned somewhere between the resident and non-resident rate. Such a fee would offer a lower-priced alternative to non-resident golfers who pay commercial property taxes in Bangor yet are charged higher non-resident rates. Although we understand that a similar system was tried in the past and discontinued due to attempted abuse by same individuals, corporate memberships are successfully marketed by numerous private clubs with no significant problems If structured with reasonable eligi ility. rules and safeguards,. such a system can and should work well in the Crry of Bangor At mod private clubs corporate members rgunds pld yearb rete ounces are also likelyto be more nmfimble to BMGC on a Der round revenue basis. Also, the offering of corporate passes provides an ideal marketing tool which can be used W 'introduce" BMGC to local employers and simuhancously market the golf course for company outings, hours and other evens. Tournaments and Group Datings: It is particularly recommended that a formal price schedule, along with procedurallpolicy guidelines for scheduling group outings and touraaments at BMGC be establisbed. Written policies are needed in order W increase the level of accountability for such decisions and guard against my impression of 'Yavoridan' by the City m certain groups. I 0. Other Operating Policies If the "modified annual permit" system recommended above were established at the start of the 1992 golf season, we recommend that pass holder playing privileges no longer be restricted to the original 18 hole course. Permit holders would be allowed access to my I �( of the 27 holes upon payment of the appropriate reduced per mond charge. Should the present season pass system be retained, restriction of pass holder privileges should be comm'ued in some form in order to reserve adequate capacity for daily fee sales. Some locaning of the present restrictions, i.e. allowing pass -holders to play the 9 -hole course during specified slow midweek time periods or during leagueflournament play could be considered. In order to provide better control of peak volumes of play, the golf course should be administered as a single 27 -hole facility. Under such a system a specified combination of two the three vine -hole courses would be established for those desiring W play an IS hole round on any particular day. B demand dictates, a three starting We system of play can be instituted for peek weekend momiogs. It is recommended that the reserved darling system currently in place on the new nine be conceded W the entire 27 holes of golf, at a minimum, for weekends and holidays. A reserved We system should be administered in such a manner to insure that daily fee sales can occur during peak weekend periods. The rens vation of a small number of tee times:: which can be filled by area lodging facilities might also be considered if there appears to sufficient interest on the part of Well hotel operators. sugar Mampal call Course Marksana Plan Pass V-16.